Valero Energy Partners LP (NYSE:VLP)‘s stock had its “neutral” rating reissued by stock analysts at Citigroup Inc. in a research note issued to investors on Wednesday. They presently have a $50.00 price target on the pipeline company’s stock. Citigroup Inc.’s price target points to a potential upside of 19.22% from the company’s current price.

Several other brokerages have also recently weighed in on VLP. Zacks Investment Research cut Valero Energy Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 15th. ValuEngine raised Valero Energy Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Scotiabank set a $51.00 target price on Valero Energy Partners and gave the company a “buy” rating in a research note on Saturday, July 22nd. Finally, BidaskClub upgraded Valero Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $53.25.

Valero Energy Partners (NYSE VLP) opened at 41.94 on Wednesday. The firm has a market cap of $2.86 billion, a P/E ratio of 13.89 and a beta of 0.74. The stock’s 50 day moving average price is $43.10 and its 200 day moving average price is $44.82. Valero Energy Partners has a 1-year low of $38.90 and a 1-year high of $51.00.

Valero Energy Partners (NYSE:VLP) last announced its earnings results on Friday, July 28th. The pipeline company reported $0.69 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.03). Valero Energy Partners had a net margin of 55.29% and a return on equity of 266.53%. The firm had revenue of $110.50 million for the quarter, compared to the consensus estimate of $107.14 million. During the same period in the prior year, the business earned $0.67 EPS. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. Equities research analysts predict that Valero Energy Partners will post $2.97 EPS for the current year.

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Several large investors have recently added to or reduced their stakes in VLP. Bank of New York Mellon Corp acquired a new position in shares of Valero Energy Partners in the 1st quarter valued at $298,000. Alliancebernstein L.P. acquired a new position in shares of Valero Energy Partners in the 1st quarter valued at $248,000. PNC Financial Services Group Inc. boosted its position in shares of Valero Energy Partners by 471.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,570 shares of the pipeline company’s stock valued at $124,000 after purchasing an additional 2,120 shares during the period. Renaissance Technologies LLC boosted its position in shares of Valero Energy Partners by 14.1% in the 1st quarter. Renaissance Technologies LLC now owns 113,478 shares of the pipeline company’s stock valued at $5,437,000 after purchasing an additional 14,036 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Valero Energy Partners by 18.2% in the 1st quarter. Bank of America Corp DE now owns 265,652 shares of the pipeline company’s stock valued at $12,728,000 after purchasing an additional 40,863 shares during the period. Institutional investors and hedge funds own 29.93% of the company’s stock.

Valero Energy Partners Company Profile

Valero Energy Partners LP owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company’s assets include crude oil and refined petroleum products pipelines, terminals, and other logistics assets in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the operations of the ten of Valero Energy Corporation (Valero) refineries.

Analyst Recommendations for Valero Energy Partners (NYSE:VLP)

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